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I see this comment a lot, but it's just not true. If $300k was "barely scraping by", then it would be impossible for people making less than $100k to even live
by tidepod12 7y ago
I see this comment a lot, but it's just not true. If $300k was "barely scraping by", then it would be impossible for people making less than $100k to even live at all in the bay area, and yet the average income in SF is indeed $75k.
In other parts of this thread, an SFer mentions that with a salary of $300k, he saves $100,000 a year after paying for his 'expensive hobbies' without even trying . Another commenter says they have ~$13,000 per month in disposable income (after rent in a nice apartment, utilities, and food). Thats certainly not "scraping by" to me.
- thorwasdfasdf 7y agoIt's different if you already live here. If you already live here probably you have some arrangement: maybe you're in a rent protected home (75% of SF is like that), or maybe you live with 5 other roommates or maybe live with parents, etc. It's different, if you're moving to here from another area you're not going to be able to get one of those rent protected rentals.
- tidepod12 7y agoI just went shopping online for apartments in SF. If I were to move there now, a 1 BR in a very nice luxury tower in Nob Hill will run me about $3,700/mo. And let's throw in, say, $200/mo for utilities and expenses? And let's give a very generous $1000/mo for food expenses? According to a tax calculator, a $200k salary in SF is about $130k/year take home, or about $11k/month. After rent and expenses, that's still $5,100 in disposable take-home pay every month. That's not scraping by.